Non-fungible Tokens and Art
An NFT is a digital asset that can be presented as art, music, in-game items, videos and other expressions. All NFT:s are created with unique identifying codes (smart contracts).
This stands in sharp contrast to most digital creations, which are almost always infinite in supply and can be copied freely. An NFT has a built-in, blockchain-based proof of provenance that makes the artwork unique and therefore ownership of an NFT can also be claimed.
Non-Fungible Token: A non-interchangeable unit of data stored on a blockchain (used as a form of digital and public ledger). This differs from the fungible tokens like cryptocurrencies, which are identical to each other and therefore can serve as a medium for commercial transactions.